Brent crude oil rose to around $61 a barrel as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran.» Read More
Brent rose past $114 a barrel on worries about exports from Iraq, while U.S. crude dipped as data showeddh smaller draw in domestic stocks.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI was slightly lower, but Brent was higher on developments in Iraq. Gold was mostly flat, up about 70 cents on the day.
Rising tensions in Iraq are giving investors anxiety. Is this the trigger for a correction? NYSE floor trader Kenny Polcari weighs in.
Assailants have kidnapped 40 Indian construction workers from Iraq's Mosul, which fell to Sunni insurgents last week, India's foreign ministry said.
Brent held steady above $113 per barrel while U.S. crude weakened slightly, as speculation about Iran and the West offset fears about Iraq.
Energy stocks may be getting too rich and could quickly give up gains if the Iraq situation is defused, some analysts said.
Unlike recent geopolitical threats in Syria and Ukraine, Iraq's current conflict may have a lasting impact on oil markets that goes beyond short-term price action, Morgan Stanley argues.
Scott Darling, Regional Head of Oil & Gas Research at J.P. Morgan, explains why he likes PetroChina and PTT Exploration & Production.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. There was a pause today, as WTI was down slightly. Gold was down on the day, as traders kept their eyes on the Fed.
Iraq's biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said on Tuesday.
Bob Dudley, BP CEO says his company hasn't missed a beat in operations so far, reports CNBC's Michelle Caruso-Cabrera, with an update from Iraq.
Daniel Yergin, vice chairman of IHS, says the world markets want U.S. liquefied natural gas (LNG) for diversification.
The U.S. has done a superb job of bringing on more sources of oil so there are more choices in the market, said former BP CEO John Browne.
Jonathan Waghorn of Guinness Global Energy Fund sees a clear path to $150-a-barrel levels for crude oil.
The two major carmakers are keen on talks with Tesla to cooperate on charging networks after Elon Musk opened the company's patents. The FT reports.
Ben Lando, Iraq Oil Report editor-in-chief, and CNBC's Michelle Caruso-Cabrera, discuss Iraqi oil production and export.
As rebels continue to create unrest in Iraq, policymakers and observers alike can't agree on what, if anything, the U.S. should do.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Gold was up slightly on the day, to $1,275.30, while oil traders took a wait & see approach as Iraq simmers.
Crude pushed higher in choppy trading as advances by Sunni insurgents in Iraq fueled concerns over a potential disruption to oil exports.
A deadline for Ukraine to pay Russia its gas bill passed on Monday morning after late-night talks between the two sides failing to reach an agreement.